25,920 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,920 shares of the savings and loans company’s stock, valued at approximately $184,000.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 2,445 shares during the period. Point72 DIFC Ltd acquired a new position in Kearny Financial in the 3rd quarter worth $61,000. Ieq Capital LLC purchased a new position in Kearny Financial in the 4th quarter valued at about $73,000. Quantbot Technologies LP grew its stake in shares of Kearny Financial by 464.0% during the third quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock valued at $78,000 after acquiring an additional 9,303 shares in the last quarter. Finally, Optas LLC purchased a new stake in shares of Kearny Financial during the fourth quarter worth about $87,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Up 1.8 %

KRNY stock opened at $6.29 on Thursday. The company has a market capitalization of $406.21 million, a P/E ratio of -5.57 and a beta of 0.77. The firm has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $7.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.00%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s dividend payout ratio is currently -38.94%.

Insider Buying and Selling at Kearny Financial

In other Kearny Financial news, Director Melvina Wong-Zaza bought 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the purchase, the director now directly owns 27,535 shares in the company, valued at approximately $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $9.00 to $8.50 in a report on Monday, January 6th.

Kearny Financial Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.